Christmas market in Cottbus, Germany.
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Eurozone inflation was 2.2% in November, up slightly from the previous month, data agency Eurostat showed on Tuesday.
The latest consumer prices reading is just a shade above the European Central Bank’s 2% target. Polls from a Reuters poll expect a reading of 2.1% in the twelve months to November.
Looking at the main components of the Eurozone, the annual rate in November is expected to have a higher annual rate compared to 3.4% in October. – said.
Core inflation, which excludes food, alcohol, and tobacco prices in November, was 2.4% in November, unchanged from the previous month.
The ECB held the main rate of the reserve facility at 2% for the third period at the end of October, with the final rates in June.
About, it fits Inflation in the euro zone is at 2%, the target rate of the ECBwas part of last year’s rate-cutting rate cycle A record high of 4%.
ECB board members told CNBC in recent months The processing cycle is close or close to its end Although the central bank has said several times, it will have an introduction to the meeting and a data-driven rate plan.
After October, ECB President Christine Lagarde told CNBC from a monetary policy perspective, The economy is in a good place.
“Is this a stable, good place? Nope. But we’re going to do whatever it takes to make sure we’re in a good place,” he said.